New Jersey A4773 allows a tax deduction for charitable contributions to certain New Jersey-based charitable organizations during a public health.
New Jersey A4773 allows a gross income tax deduction for charitable contributions made to qualified New Jersey-based charitable organizations during a public health emergency. The deduction is limited to $10,000 for joint filers and head of households and $5,000 for single filers, married taxpayers filing separately, or surviving spouses. The bill defines a "qualified New Jersey-based charitable organization" as one registered under the "Charitable Registration and Investigation Act" or exempt from registration, maintaining an office or employing persons, and providing services in the state.
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